TMCNet:  EC objects to 3 network's O2 takeover [Eire Region] [Mirror (UK)]

[February 04, 2014]

EC objects to 3 network's O2 takeover [Eire Region] [Mirror (UK)]

(Mirror (UK) Via Acquire Media NewsEdge) THE European Commission has objected to 3's EUR 780million acquisition of O2 Ireland.

They raised concerns that the deal would have a great effect on the Irish mobile phone market.

In a statement, 3 Ireland said it was analysing the statement of objections and will respond to the concerns.

It added: "In our view, the acquisition will increase competition and bring much-needed investment to the Irish market.

"Nonetheless, 3 will put forward strong and effective remedies to address the Commission's concerns.

"We will continue to work with the Commission in order to achieve a positive outcome." (c) 2014 ProQuest Information and Learning Company; All Rights Reserved.

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